Pony AI (NASDAQ:PONY – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.03, FiscalAI reports. The business had revenue of $34.25 million for the quarter, compared to the consensus estimate of $22.30 million. Pony AI had a negative return on equity of 19.90% and a negative net margin of 148.85%.
Pony AI Stock Performance
Shares of PONY stock opened at $8.92 on Tuesday. Pony AI has a 1 year low of $7.99 and a 1 year high of $24.92. The stock has a market cap of $3.44 billion, a PE ratio of -24.78 and a beta of 4.10. The business’s fifty day moving average is $9.91 and its 200-day moving average is $12.83.
Wall Street Analysts Forecast Growth
PONY has been the topic of several recent research reports. HSBC initiated coverage on Pony AI in a report on Tuesday, March 31st. They issued a “buy” rating and a $16.60 price target on the stock. The Goldman Sachs Group set a $30.00 price target on Pony AI in a report on Thursday, April 16th. Zacks Research downgraded Pony AI from a “hold” rating to a “strong sell” rating in a report on Thursday, March 26th. Wall Street Zen downgraded Pony AI from a “hold” rating to a “sell” rating in a research note on Sunday, April 26th. Finally, BNP Paribas Exane began coverage on Pony AI in a research note on Thursday, March 26th. They set a “neutral” rating and a $12.50 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $20.58.
Hedge Funds Weigh In On Pony AI
Hedge funds have recently modified their holdings of the company. Nikko Asset Management Americas Inc. acquired a new position in shares of Pony AI during the 2nd quarter valued at $3,848,000. Marshall Wace LLP increased its position in shares of Pony AI by 4.7% during the 2nd quarter. Marshall Wace LLP now owns 265,503 shares of the company’s stock valued at $3,505,000 after purchasing an additional 11,986 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Pony AI during the 4th quarter valued at $2,538,000. Wexford Capital LP increased its position in shares of Pony AI by 595.5% during the 3rd quarter. Wexford Capital LP now owns 95,998 shares of the company’s stock valued at $2,159,000 after purchasing an additional 82,196 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in shares of Pony AI during the 3rd quarter valued at $1,996,000.
Pony AI Company Profile
Pony.ai develops autonomous driving technologies for passenger and goods transportation. The company offers an end-to-end self-driving stack that combines perception, planning and control systems with proprietary hardware and software. Pony.ai’s solutions support robotaxi services and advanced driver-assistance system (ADAS) deployments across urban and suburban environments.
Founded in late 2016 by James Peng and Sean Gong, Pony.ai operates research and development centers in Fremont, California, as well as in Guangzhou and Beijing, China.
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